AVZ Discussion 2022

[Misfits]

Ah, yes, the continuum of events was MMCS lost it, Cong picked it up, then sold it to AVZ (Klaus the great leader at the time) and remember under Klaus, AVZ was meant to on-sell it to........the name escapes me, but anyway, Nige thought better of that

Fuck, that sequence has a familiar ring to it, same players, different scenario now

If your question is asking what happens if/when MMCS lose, I assume it's just one of the multiple roadblocks out of the way, then on to demolish the other handful

My question to MMCS is why did you take AVZ to court, when it was COMINIERE, or most likely the then Min of Mines who must have taken the tenement back and sold it to Cong, under Kabila of course

I'm circle jerking in the echo chamber again, sorry

cheers
Arsehole

La Cominière en procès ce lundi 16 janvier à la Cour arbitrale à Paris : faute de moyens, les avocats de la RDC bloqués à Kinshasa - L'info qui fait échos

Ce lundi, la Cour internationale d’arbitrage à Paris siège sur le dossier opposant la Congolaise d’exploitation minière (Cominière), une entreprise du Portefeuille de l’Etat, à <a class="mh-excerpt-more"...

econewsrdc.com

Click on link and transfer to English. Mentions the lawyers may not even get to Paris on time due to logistics.............

 

[Misfits]

This Monday, the International Court of Arbitration in Paris sits on the case between the Congolese mining company (Cominière), a company of the State Portfolio, and the Mauritian company MMCS Strategic 1. Although they are in possession of their Schengen visas for the France , lawyers from the DRC are not certain to reach the French capital before Monday. For good reason: the Congolese Government is slow to provide them with the necessary logistics. Civil society is reminded of the great danger that the Democratic Republic of Congo runs if the International Court of Arbitration in Paris sits this Monday without waiting for the Congolese side. In a statement, signed simultaneously Tuesday in Kinshasa, Lubumbashi, Kolwezi and Bukavu, civil society actors call on Prime Minister Jean-Michel Sama Lukonde Kyenge to act as soon as possible. Statement.

Eco news

The Sama Lukonde Government must do everything to ensure that the lawyers and experts of Cominière and the DRC are not absent on Monday, January 16 during the pleadings at the International Court of Arbitration in Paris for the case "MMCS Strategic 1 (Mauritius) v/ the Congolese Mining Sprl (DRC)"

On January 4, 2023, by its letter referenced 23225/GR/PAR concerning the case registered under "MMCS STRATEGIC 1 (Mauritius) v/ LA CONGOLAISE D'EXPLOITATION MINIÈRE SPRL (Democratic Republic of Congo)", the Secretariat of the International Court of Arbitration sent by email to the lawyers of the Congolese party a letter of invitation, a copy of which is sent today directly to the Consulate of the Kingdom of Belgium in the Democratic Republic of Congo under the signature Lucia Bonetto, Deputy Counselor of the Secretariat of the ICC International Court of Arbitration.

According to the information received by our consortium, visas have been granted to the defense team of the Democratic Republic of Congo since January 6, 2023 in order to go to Europe urgently for the pleadings of the parties on Monday, January 16, 2023, but the lawyers and experts of the Cabinet Conseil in charge of the File would still be waiting for the travel documents yet scheduled for the evening of January 13; the financial means necessary for the stay of this important mission to defend the Republic and the vital interests of the Congolese people would not always be available by the Government of the Republic until the time of publication of this communiqué this evening.

Our organizations remember with regret a similar situation having taken place against our country at the International Court of Arbitration in the case brought by DIVINE INSPIRATION GROUP (PTY) of South Africa against THE DEMOCRATIC REPUBLIC OF CONGO by the ARBITRATION N°22370/DDA (FINAL AWARD) of November 7, 2018, of which we have a copy, condemning the DRC to 617,400,178 USD plus interest calculated at the yield rate of US Treasury bonds over a 20-year horizon increased by 2% from the date of the final award and until full payment, not counting the full payment of the arbitration costs and the costs incurred by the Claimant to defend itself.

According to the information of the experts informed of the file obtained by our consortium, the International Court of Arbitration (ICC) will sit in Paris in the case opposing the Cominière to the company MMCS in connection with a mining Permit affecting the lithium of Manono for which la Cominière had already won the trial at the level of the Supreme Court in Kinshasa a few years ago; it appears that the damages and other costs to be borne by the Democratic Republic of Congo would amount to nearly one billion US dollars.

It is clear that if the Congolese party (Cominière and the Democratic Republic of Congo) is not present at the hearing on Monday January 16, 2023 due to a lack of logistical means, the risk of condemnation of the country is enormous and would then fall under very serious negligence, as was the case with DIG OIL in 2018, while Gécamines has won all its international arbitration cases in recent years to recover from the Forrest Group the Lubumbashi Terril Treatment Company (STL) and the deposits of Deziwa and Ecailles (currently SOMIDEZ) of Platmin.

A possible conviction (not to be desired) of Cominière (the Democratic Republic of Congo) by culpable negligence to undermine the efforts of the Head of State, Promoter of the "DRC, PaysSolution" Label and will be a sign of poor management by the government of the Republic of a mining Permit relating to the largest lithium deposit in the world with all the consequences on the finances of the country and the development of Manono, of Tanganyika while this population has long been a victim of the horrors of the war of the pro-Rwandan rebel movement RCD (Congolese Rally for Democracy) of sad memory.

From the foregoing, given the importance and urgency of the issue in question, our Citizen Organizations ask:

– To His Excellency the President of the Republic, the sole guarantor of the country's interests, to become personally involved so that the necessary means are urgently made available by the government to the lawyers in charge of the case so that they are in Europe 48 hours before the hearing on January 16, 2023 to defend the country;

-To His Excellency the Prime Minister for getting personally involved in closely monitoring this file and instructing the sectoral ministers concerned to fulfill their duties and facilitate the defense of the country's interests by the lawyers in charge of the file;

– To the Ministers of Portfolio, Mines and Finance officially seized by the lawyers, as well as the Minister of State in charge of Justice to do their utmost to facilitate the travel of the defense in Europe and to join experts from their cabinets in support for lawyers to defend the country's interests on Monday, January 16 at the International Court of Arbitration to avoid committing the serious error committed at the time by the Ministers of Hydrocarbons and Justice in the DIG-OIL case;

– To the lawyers in charge of this cause and experts to show more patriotism and professionalism to defend the interests of the Republic validly so as not to undermine the flagship project for the local production of electric batteries that the Head of the State and the Congolese population with all their best wishes;

 

[Flight996]

Actually, it's a valid point you make. Despite the Mining Code requiring 10% ceded to the State, I have long thought the greedy pricks have noted just how much money is to be made, and want a much bigger slice of the DIRECT pie, without having to pay to build it of course. Certainly seems to me that is what the local population keep hammering away at

It seems a very convoluted and risky way of achieving this goal. A retrospective change in legislation could have easily achieved the desired outcome, and prevented even further erosion of DRC credibility. The are many examples of retrospective legislation designed to top-up state coffers.
I kinda think it's not so much about the state wanting a bigger piece of the pie, but uncontrolled and chronic corruption stretching from the very bottom to the very top of the buearocratic tree.

Cheers
F

 

[Onthefm]

EXACTLY, yet another case of WTF

cutting our tenement in half is no small sidenote. Meekly handing over a probable 1million tonnes 1.5-1.6% Li2O resource valued in the Billions is HUGE.
It was given to us, the whole tenement.
This is bullshit. Our BOD at the very least should have been asking to meet with DRC president with a view to negotiate, 20% to DRC freehold sounds fair to me, as a thank you for keeping faith in us and us as a thank you for not HOLDING US UP or CORRUPTING the mine....well thats fucked now isnt it. But you get the drift of this post. Why were us shareholders not made aware, thats HALF our INVESTMENT they wanted to STEAL an we were apparently going to do it at FTs will. WTF wrong is wrong whoever is asking, we should have gone in to negotiate giving them a larger share freehold ffs.

Agree not that hard. That's what managements job is doing deals to benefit the company. The trouble is ours are no good at it. Imo

 

[Xerof]

This Monday, the International Court of Arbitration in Paris sits on the case between the Congolese mining company (Cominière), a company of the State Portfolio, and the Mauritian company MMCS Strategic 1. Although they are in possession of their Schengen visas for the France , lawyers from the DRC are not certain to reach the French capital before Monday. For good reason: the Congolese Government is slow to provide them with the necessary logistics. Civil society is reminded of the great danger that the Democratic Republic of Congo runs if the International Court of Arbitration in Paris sits this Monday without waiting for the Congolese side. In a statement, signed simultaneously Tuesday in Kinshasa, Lubumbashi, Kolwezi and Bukavu, civil society actors call on Prime Minister Jean-Michel Sama Lukonde Kyenge to act as soon as possible. Statement.

Eco news

The Sama Lukonde Government must do everything to ensure that the lawyers and experts of Cominière and the DRC are not absent on Monday, January 16 during the pleadings at the International Court of Arbitration in Paris for the case "MMCS Strategic 1 (Mauritius) v/ the Congolese Mining Sprl (DRC)"

On January 4, 2023, by its letter referenced 23225/GR/PAR concerning the case registered under "MMCS STRATEGIC 1 (Mauritius) v/ LA CONGOLAISE D'EXPLOITATION MINIÈRE SPRL (Democratic Republic of Congo)", the Secretariat of the International Court of Arbitration sent by email to the lawyers of the Congolese party a letter of invitation, a copy of which is sent today directly to the Consulate of the Kingdom of Belgium in the Democratic Republic of Congo under the signature Lucia Bonetto, Deputy Counselor of the Secretariat of the ICC International Court of Arbitration.

According to the information received by our consortium, visas have been granted to the defense team of the Democratic Republic of Congo since January 6, 2023 in order to go to Europe urgently for the pleadings of the parties on Monday, January 16, 2023, but the lawyers and experts of the Cabinet Conseil in charge of the File would still be waiting for the travel documents yet scheduled for the evening of January 13; the financial means necessary for the stay of this important mission to defend the Republic and the vital interests of the Congolese people would not always be available by the Government of the Republic until the time of publication of this communiqué this evening.

Our organizations remember with regret a similar situation having taken place against our country at the International Court of Arbitration in the case brought by DIVINE INSPIRATION GROUP (PTY) of South Africa against THE DEMOCRATIC REPUBLIC OF CONGO by the ARBITRATION N°22370/DDA (FINAL AWARD) of November 7, 2018, of which we have a copy, condemning the DRC to 617,400,178 USD plus interest calculated at the yield rate of US Treasury bonds over a 20-year horizon increased by 2% from the date of the final award and until full payment, not counting the full payment of the arbitration costs and the costs incurred by the Claimant to defend itself.

According to the information of the experts informed of the file obtained by our consortium, the International Court of Arbitration (ICC) will sit in Paris in the case opposing the Cominière to the company MMCS in connection with a mining Permit affecting the lithium of Manono for which la Cominière had already won the trial at the level of the Supreme Court in Kinshasa a few years ago; it appears that the damages and other costs to be borne by the Democratic Republic of Congo would amount to nearly one billion US dollars.

It is clear that if the Congolese party (Cominière and the Democratic Republic of Congo) is not present at the hearing on Monday January 16, 2023 due to a lack of logistical means, the risk of condemnation of the country is enormous and would then fall under very serious negligence, as was the case with DIG OIL in 2018, while Gécamines has won all its international arbitration cases in recent years to recover from the Forrest Group the Lubumbashi Terril Treatment Company (STL) and the deposits of Deziwa and Ecailles (currently SOMIDEZ) of Platmin.

A possible conviction (not to be desired) of Cominière (the Democratic Republic of Congo) by culpable negligence to undermine the efforts of the Head of State, Promoter of the "DRC, PaysSolution" Label and will be a sign of poor management by the government of the Republic of a mining Permit relating to the largest lithium deposit in the world with all the consequences on the finances of the country and the development of Manono, of Tanganyika while this population has long been a victim of the horrors of the war of the pro-Rwandan rebel movement RCD (Congolese Rally for Democracy) of sad memory.

From the foregoing, given the importance and urgency of the issue in question, our Citizen Organizations ask:

– To His Excellency the President of the Republic, the sole guarantor of the country's interests, to become personally involved so that the necessary means are urgently made available by the government to the lawyers in charge of the case so that they are in Europe 48 hours before the hearing on January 16, 2023 to defend the country;

-To His Excellency the Prime Minister for getting personally involved in closely monitoring this file and instructing the sectoral ministers concerned to fulfill their duties and facilitate the defense of the country's interests by the lawyers in charge of the file;

– To the Ministers of Portfolio, Mines and Finance officially seized by the lawyers, as well as the Minister of State in charge of Justice to do their utmost to facilitate the travel of the defense in Europe and to join experts from their cabinets in support for lawyers to defend the country's interests on Monday, January 16 at the International Court of Arbitration to avoid committing the serious error committed at the time by the Ministers of Hydrocarbons and Justice in the DIG-OIL case;

– To the lawyers in charge of this cause and experts to show more patriotism and professionalism to defend the interests of the Republic validly so as not to undermine the flagship project for the local production of electric batteries that the Head of the State and the Congolese population with all their best wishes;

I've despatched a private DRC jet to get the lawyers there in time

 

[Sammy_da_Smile]

La Cominière en procès ce lundi 16 janvier à la Cour arbitrale à Paris : faute de moyens, les avocats de la RDC bloqués à Kinshasa - L'info qui fait échos

Ce lundi, la Cour internationale d’arbitrage à Paris siège sur le dossier opposant la Congolaise d’exploitation minière (Cominière), une entreprise du Portefeuille de l’Etat, à <a class="mh-excerpt-more"...

econewsrdc.com

Click on link and transfer to English. Mentions the lawyers may not even get to Paris on time due to logistics.............

THIS IS FUCKING INSANE!

AND apparently this has happened before

They just bribe some people so that the case can't get defended and win. OMG

 

[Sammy_da_Smile]

I've despatched a private DRC jet to get the lawyers there in time

View attachment 26945

Trusty X-Wing

 

[M.Bison]

This is a never ending nightmare. Not that I post much anyways but I am going to have to sign off for the next few months. Good luck all.

 

[MoneyBags1348]

La Cominière en procès ce lundi 16 janvier à la Cour arbitrale à Paris : faute de moyens, les avocats de la RDC bloqués à Kinshasa - L'info qui fait échos

Ce lundi, la Cour internationale d’arbitrage à Paris siège sur le dossier opposant la Congolaise d’exploitation minière (Cominière), une entreprise du Portefeuille de l’Etat, à <a class="mh-excerpt-more"...

econewsrdc.com

Click on link and transfer to English. Mentions the lawyers may not even get to Paris on time due to logistics.............

If this doesn’t prove that the Prime Minister Jean Michel Sama Lukonde Kyenge is corrupt, after all the other involvement he has had with Adele Kayinda, Zigin, Jean Felix Mupande, Simon Cong and AJN and the Chinese, then the poor people of the DRC are going to continue to be robbed and corrupted against by other Chinese and Mauritius companies…. This for you Lukonde, and it won't be the only one....

 

[obe wan]

This is the original JV contract between cominere and MMCS.

https://jusmundi.com/en/document/pd...e-cominiere-et-mmcs-sunday-1st-september-2013

It was signed on the 13th september 2013, our JV contract was signed at 25th march 2017.

Manomin was create 2013 between cominiere and MMCS. Cominiere had get granted a ML/PE for all 221 quadrants on the 2th july 2011 until 2041. After JV contract the PE had been transfered to Manomin. That is the first problem. Manomin (MMCS & Cominiere) had a ML, I think that is the base MMCS is fighting for. A company that have a PE have to pay the surface rights every year on a specific date. When they don't pay it after more then 30 days of the specific date it is legal to revoke the PE.

In the JV MMCS committed that they make all the studies and drilling.
while MMCS is willing to invest in the processing and transformation of mining products within a year after signing the contract...subject to a positive technical and economic study.
Applies to both: the partners intend to organize a semi-industrial exploitation within 3 years

The big question is...did they really spend the 10 Million for the PFS? Did they Drill? Is there evidence, invoices from specialist companies?
The Problem is in the contract there is a non-disclosure clause about which geological steps have already been taken.
We have to be honest, I don't think anyone of us can find real informations about this and nobody can claim he really knows mmcs didn't do anything.

Some other interesting parts of the JV:

"cominiere has assigned to manomin its rights and interests in all of the property, including the license to use it."

one part of the Termination by cominere:

"in the event of serious and persisten non performance of one of the provisions of the contract by MMCS, cominiere will give it a formal notice to perform as the case may be within 60 days."

But in the complete JV there are no real deadlines for when the feasibility study should be completed.

I'm not a lawyer, but what worries me is that the contract have no really deadlines when what needs to be done. In order to finally be able to clearly define on this basis that a partner has not fulfilled its obligations. And the only thing I can find in the contract to revoke the PE is this part:
When they don't pay the surface rights after more then 30 days of the specific date it is legal to revoke the PE.

and another problem, we know cominiere, cami and a lot of other actors in the government are corrupt and dodgy as fuck. it sounds like history is repeating itself only that we invested more money and did a lot more work. I hope the government had a good reason why they revoked it, maybe MMCS never did one core drilling and that could be a legal reason. But when they have a PE until 2041 and no real deadlines exist, I have no idea. I don't have enough legal knowledge to be able to assess that. MMCS have fight agains AVZ in a DRC court and loose, but the courts in the drc are not the best and dodgy too. And MMCS have loose in Australia, but with the reason that it is not the country of jurisdiction.
and the minister of portfolio has already made a 5% concession to close the ICC case. Which is also like an admission of guilt. And it looks like the case is not closed and goes to the final judgment.
I remember that Momentum said in a conference that after giving the 5% to MMCS the government had create a precedent. Yes we have good legal title, but had MMCS good legal title too in the past? I pray to god, that they don't have it. but why are you offering someone 5% when you were convinced they didn't deserve anything?


after that Link:

https://www.opinion-info.cd/societe...s-severes-contre-les-mandataires-de-cominiere

Acaj blames cominiere. Cominiere corrupt, Klaus who made the deal in the past is corrupt. Now Cominiere acted again corrupt with help of the government. a typical pattern.

Maybe i'm wrong, maybe the chance is 0.0000000000001 percent, but i think there is a risk that we might lose the license.
but in the end it can also be that mmcs can only sue the state drc for damages and for money. And that the license cannot be returned like the IGF said. the problem is that we get absolutely no information what we are really dealing with. And who can be sure that the IGF have the complete knowledge in that shit system.
I don't want to scare anyone, but I think it could be a serious problem. Hopefully not for us and only for the DRC. When MMCS really had made drillings and spent over 10 million and did nothing wrong....only if it's true and they were a victim of the system too.... I think they deserve the 5%. We will probably never find out what the truth is in the end. we either get a license or we don't.


WELCOME IN THE DRC A COUNTRY YOU WANT TO INVEST YOUR MONEY!!!! THE BEST WORKING ATMOSPHERE!!!!

The mining code has its own dates / timing of which need to be followed; JV timing is supposed to slot into within those parameters; so if you say that there is no / rubbery timelines within that JV arrangement, well that's a bit of a loose JV, but the mining code has its own time bars of which that JV needs to follow in any case.

I understand it was DRC mining / CAMI that revoked it , so I assume that there's pretty clear evidence that no works had been carried out at least within DRC mining code timeline ; certainly, doesn't seem to be any notable construction which has taken place which would keep a ML a float.

MMCS did have a few shots at AVZ , but were unable to get anything from that ; i assume they are trying to blame Cominiere for holding MMCS up (progressing works) within the JV which ultimately resulted in the JV ultimately failing to meet Mining code requirements and so loss of license , looking for damages .... can they get anything else from it i.e. avenue to pursue AVZ or other....? Long shot IMO, more of a shoulda managed the JV better.....

https://www.vda.pt/xms/files/05_Pub...ning_Democratic_Republic_of_Congo_mlr_ocb.pdf

 

[DiscoDanNZ]

The mining code has its own dates / timing of which need to be followed; JV timing is supposed to slot into within those parameters; so if you say that there is no / rubbery timelines within that JV arrangement, well that's a bit of a loose JV, but the mining code has its own time bars of which that JV needs to follow in any case.

I understand it was DRC mining / CAMI that revoked it , so I assume that there's pretty clear evidence that no works had been carried out at least within DRC mining code timeline ; certainly, doesn't seem to be any notable construction which has taken place which would keep a ML a float.

MMCS did have a few shots at AVZ , but were unable to get anything from that ; i assume they are trying to blame Cominiere for holding MMCS up (progressing works) within the JV which ultimately resulted in the JV ultimately failing to meet Mining code requirements and so loss of license , looking for damages .... can they get anything else from it i.e. avenue to pursue AVZ or other....? Long shot IMO, more of a shoulda managed the JV better.....

https://www.vda.pt/xms/files/05_Pub...ning_Democratic_Republic_of_Congo_mlr_ocb.pdf

View attachment 26948

If you apply that highlighted part to our situation we have already built more buildings for the camp so we've satisfied that portion already. Remember about 2 months ago when Princess Bitch face tried saying we hadn't done any work? Was probably trying to use that clause to screw us

 

[Rediah]

Not AVZ related but still AVZ related

I dont want to work in 2032 or even in 2025, I dont want to install Li batteries in QLD buses.

 

[Winenut]

Complete and utter absolutely fucked up mess

We've been discussing the points and have had a pretty solid view of what has occurred/transpired for fucking ages now

Yeah CAMI split tenement 13359 in a move not in accordance with the mining code, yeah Mupande shouldn't be in the job, yeah the northern section of the tenement including part of CDL was supposed to be renewed to Dathcom under a new exploration permit and a revised JV but it hasn't happened, yeah Nige had the fucking wool pulled over his eyes being told Felix requested the carve up (and Nige "believed" what he was being told), yeah the fucking green bitch sold off 15% of Dathcom to Zijin for peanuts and the shitful amount they actually paid never made it to the govt coffers, yeah we had a court win regarding MMCS but they're still having a fucking crack, yeah Jules is doing a fine job at the IGF but no-one is moving on the recommendations and findings, yeah we've got a couple of rounds of fucking bullshit arbitration at the ICC for matters that the plaintiffs apparently don't have a leg to stand on but they're still fucking going ahead, yeah Nige has a fucking conflict of interest regarding the northern part of the tenement and his holding in AJN, yeah Felix is fucking impotent and flies around the world spruiking how fucking good investing the the DRC is but his anti-corruption stance is as tangible as a fart in the fucking wind, yeah we've got support at the highest levels of Govt......whoops maybe we don't .....we'll re-phrase that in our pissweak and useless announcements, yeah Klaus, AJN, Zijin and all the other fuckers are paying everyone off in the govt and probably the judiciary with brown paper bags, yeah the twittersphere has so much misinformation it's astonishing, yeah the Prime Minister Sama Lukonde is complicit in the overall arsefuckery, yeah Boatman Capital are fuckers and Tommy Richardhead is sucking their dicks, yeah Nige says we have good title to 75% of Dathcom but other fuckers disagree, yeah our fucking lawyers seem fucking useless and incompetent, yeah Omni Bridgeway are looking to crank up the class action against the BoD that I apparently fucking started, yeah Deeland are offering to hoover up millions of shares in Germany maybe in an attempt to get some Chinese fucker a seat on the board of AVZ, yeah, yeah fucking yeah....blah blah blah fucking blah

We just keep recycling the same fucking information we've known for fucking ages and it all continues to go absolutely fucking nowhere

There's no fucking progress, there's no resolutions, there's no fucking movement forward, there's no boxes being ticked advancing the overall position for shareholders

And what have management informed shareholders as to what has happened/is happening over about the last 9 or so months?????

Absolutely fucking NOTHING........ZIP, NADA, ZERO fucking ZILCH

Throw some bullshit roadshows into the mix to load up some frequent flyer points and sprinkle a little magic dust over the chosen ones while giving a few sly winks, a nod here and there and inferring CDL is full of Mica and not worth worrying about

Fuck me

Completely over this absolute fucking shitshow and its incredible parade of fucking incompetence

 

[Doc]

Complete and utter absolutely fucked up mess

We've been discussing the points and have had a pretty solid view of what has occurred/transpired for fucking ages now

Yeah CAMI split tenement 13359 in a move not in accordance with the mining code, yeah Mupande shouldn't be in the job, yeah the northern section of the tenement including part of CDL was supposed to be renewed to Dathcom under a new exploration permit and a revised JV but it hasn't happened, yeah Nige had the fucking wool pulled over his eyes being told Felix requested the carve up (and Nige "believed" what he was being told), yeah the fucking green bitch sold off 15% of Dathcom to Zijin for peanuts and the shitful amount they actually paid never made it to the govt coffers, yeah we had a court win regarding MMCS but they're still having a fucking crack, yeah Jules is doing a fine job at the IGF but no-one is moving on the recommendations and findings, yeah we've got a couple of rounds of fucking bullshit arbitration at the ICC for matters that the plaintiffs apparently don't have a leg to stand on but they're still fucking going ahead, yeah Nige has a fucking conflict of interest regarding the northern part of the tenement and his holding in AJN, yeah Felix is fucking impotent and flies around the world spruiking how fucking good investing the the DRC is but his anti-corruption stance is as tangible as a fart in the fucking wind, yeah we've got support at the highest levels of Govt......whoops maybe we don't .....we'll re-phrase that in our pissweak and useless announcements, yeah Klaus, AJN, Zijin and all the other fuckers are paying everyone off in the govt and probably the judiciary with brown paper bags, yeah the twittersphere has so much misinformation it's astonishing, yeah the Prime Minister Sama Lukonde is complicit in the overall arsefuckery, yeah Boatman Capital are fuckers and Tommy Richardhead is sucking their dicks, yeah Nige says we have good title to 75% of Dathcom but other fuckers disagree, yeah our fucking lawyers seem fucking useless and incompetent, yeah Omni Bridgeway are looking to crank up the class action against the BoD that I apparently fucking started, yeah Deeland are offering to hoover up millions of shares in Germany maybe in an attempt to get some Chinese fucker a seat on the board of AVZ, yeah, yeah fucking yeah....blah blah blah fucking blah

We just keep recycling the same fucking information we've known for fucking ages and it all continues to go absolutely fucking nowhere

There's no fucking progress, there's no resolutions, there's no fucking movement forward, there's no boxes being ticked advancing the overall position for shareholders

And what have management informed shareholders as to what has happened/is happening over about the last 9 or so months?????

Absolutely fucking NOTHING........ZIP, NADA, ZERO fucking ZILCH

Throw some bullshit roadshows into the mix to load up some frequent flyer points and sprinkle a little magic dust over the chosen ones while giving a few sly winks, a nod here and there and inferring CDL is full of Mica and not worth worrying about

Fuck me

Completely over this absolute fucking shitshow and its incredible parade of fucking incompetence

AVZ the absolute fucking shitshow and its incredible parade of fucking incompetence

Ditto. This should be on the next AVZ hat

 

[Mute22]

Complete and utter absolutely fucked up mess

We've been discussing the points and have had a pretty solid view of what has occurred/transpired for fucking ages now

Yeah CAMI split tenement 13359 in a move not in accordance with the mining code, yeah Mupande shouldn't be in the job, yeah the northern section of the tenement including part of CDL was supposed to be renewed to Dathcom under a new exploration permit and a revised JV but it hasn't happened, yeah Nige had the fucking wool pulled over his eyes being told Felix requested the carve up (and Nige "believed" what he was being told), yeah the fucking green bitch sold off 15% of Dathcom to Zijin for peanuts and the shitful amount they actually paid never made it to the govt coffers, yeah we had a court win regarding MMCS but they're still having a fucking crack, yeah Jules is doing a fine job at the IGF but no-one is moving on the recommendations and findings, yeah we've got a couple of rounds of fucking bullshit arbitration at the ICC for matters that the plaintiffs apparently don't have a leg to stand on but they're still fucking going ahead, yeah Nige has a fucking conflict of interest regarding the northern part of the tenement and his holding in AJN, yeah Felix is fucking impotent and flies around the world spruiking how fucking good investing the the DRC is but his anti-corruption stance is as tangible as a fart in the fucking wind, yeah we've got support at the highest levels of Govt......whoops maybe we don't .....we'll re-phrase that in our pissweak and useless announcements, yeah Klaus, AJN, Zijin and all the other fuckers are paying everyone off in the govt and probably the judiciary with brown paper bags, yeah the twittersphere has so much misinformation it's astonishing, yeah the Prime Minister Sama Lukonde is complicit in the overall arsefuckery, yeah Boatman Capital are fuckers and Tommy Richardhead is sucking their dicks, yeah Nige says we have good title to 75% of Dathcom but other fuckers disagree, yeah our fucking lawyers seem fucking useless and incompetent, yeah Omni Bridgeway are looking to crank up the class action against the BoD that I apparently fucking started, yeah Deeland are offering to hoover up millions of shares in Germany maybe in an attempt to get some Chinese fucker a seat on the board of AVZ, yeah, yeah fucking yeah....blah blah blah fucking blah

We just keep recycling the same fucking information we've known for fucking ages and it all continues to go absolutely fucking nowhere

There's no fucking progress, there's no resolutions, there's no fucking movement forward, there's no boxes being ticked advancing the overall position for shareholders

And what have management informed shareholders as to what has happened/is happening over about the last 9 or so months?????

Absolutely fucking NOTHING........ZIP, NADA, ZERO fucking ZILCH

Throw some bullshit roadshows into the mix to load up some frequent flyer points and sprinkle a little magic dust over the chosen ones while giving a few sly winks, a nod here and there and inferring CDL is full of Mica and not worth worrying about

Fuck me

Completely over this absolute fucking shitshow and its incredible parade of fucking incompetence

Yeah that about sums it up. Worst part is being completely in the dark for a business you allegedly own a stake of.

 

[DiscoDanNZ]

Complete and utter absolutely fucked up mess

We've been discussing the points and have had a pretty solid view of what has occurred/transpired for fucking ages now

Yeah CAMI split tenement 13359 in a move not in accordance with the mining code, yeah Mupande shouldn't be in the job, yeah the northern section of the tenement including part of CDL was supposed to be renewed to Dathcom under a new exploration permit and a revised JV but it hasn't happened, yeah Nige had the fucking wool pulled over his eyes being told Felix requested the carve up (and Nige "believed" what he was being told), yeah the fucking green bitch sold off 15% of Dathcom to Zijin for peanuts and the shitful amount they actually paid never made it to the govt coffers, yeah we had a court win regarding MMCS but they're still having a fucking crack, yeah Jules is doing a fine job at the IGF but no-one is moving on the recommendations and findings, yeah we've got a couple of rounds of fucking bullshit arbitration at the ICC for matters that the plaintiffs apparently don't have a leg to stand on but they're still fucking going ahead, yeah Nige has a fucking conflict of interest regarding the northern part of the tenement and his holding in AJN, yeah Felix is fucking impotent and flies around the world spruiking how fucking good investing the the DRC is but his anti-corruption stance is as tangible as a fart in the fucking wind, yeah we've got support at the highest levels of Govt......whoops maybe we don't .....we'll re-phrase that in our pissweak and useless announcements, yeah Klaus, AJN, Zijin and all the other fuckers are paying everyone off in the govt and probably the judiciary with brown paper bags, yeah the twittersphere has so much misinformation it's astonishing, yeah the Prime Minister Sama Lukonde is complicit in the overall arsefuckery, yeah Boatman Capital are fuckers and Tommy Richardhead is sucking their dicks, yeah Nige says we have good title to 75% of Dathcom but other fuckers disagree, yeah our fucking lawyers seem fucking useless and incompetent, yeah Omni Bridgeway are looking to crank up the class action against the BoD that I apparently fucking started, yeah Deeland are offering to hoover up millions of shares in Germany maybe in an attempt to get some Chinese fucker a seat on the board of AVZ, yeah, yeah fucking yeah....blah blah blah fucking blah

We just keep recycling the same fucking information we've known for fucking ages and it all continues to go absolutely fucking nowhere

There's no fucking progress, there's no resolutions, there's no fucking movement forward, there's no boxes being ticked advancing the overall position for shareholders

And what have management informed shareholders as to what has happened/is happening over about the last 9 or so months?????

Absolutely fucking NOTHING........ZIP, NADA, ZERO fucking ZILCH

Throw some bullshit roadshows into the mix to load up some frequent flyer points and sprinkle a little magic dust over the chosen ones while giving a few sly winks, a nod here and there and inferring CDL is full of Mica and not worth worrying about

Fuck me

Completely over this absolute fucking shitshow and its incredible parade of fucking incompetence

Saving that all week for a were fucken fucked Friday fuck post? I love it, but it was a bit short of setting a new mantle

 

[Winenut]

Saving that all week for a were fucken fucked Friday fuck post? I love it, but it was a bit short of setting a new mantle

It was at least a decent crack...

 

[Samus]

Complete and utter absolutely fucked up mess

We've been discussing the points and have had a pretty solid view of what has occurred/transpired for fucking ages now

Yeah CAMI split tenement 13359 in a move not in accordance with the mining code, yeah Mupande shouldn't be in the job, yeah the northern section of the tenement including part of CDL was supposed to be renewed to Dathcom under a new exploration permit and a revised JV but it hasn't happened, yeah Nige had the fucking wool pulled over his eyes being told Felix requested the carve up (and Nige "believed" what he was being told), yeah the fucking green bitch sold off 15% of Dathcom to Zijin for peanuts and the shitful amount they actually paid never made it to the govt coffers, yeah we had a court win regarding MMCS but they're still having a fucking crack, yeah Jules is doing a fine job at the IGF but no-one is moving on the recommendations and findings, yeah we've got a couple of rounds of fucking bullshit arbitration at the ICC for matters that the plaintiffs apparently don't have a leg to stand on but they're still fucking going ahead, yeah Nige has a fucking conflict of interest regarding the northern part of the tenement and his holding in AJN, yeah Felix is fucking impotent and flies around the world spruiking how fucking good investing the the DRC is but his anti-corruption stance is as tangible as a fart in the fucking wind, yeah we've got support at the highest levels of Govt......whoops maybe we don't .....we'll re-phrase that in our pissweak and useless announcements, yeah Klaus, AJN, Zijin and all the other fuckers are paying everyone off in the govt and probably the judiciary with brown paper bags, yeah the twittersphere has so much misinformation it's astonishing, yeah the Prime Minister Sama Lukonde is complicit in the overall arsefuckery, yeah Boatman Capital are fuckers and Tommy Richardhead is sucking their dicks, yeah Nige says we have good title to 75% of Dathcom but other fuckers disagree, yeah our fucking lawyers seem fucking useless and incompetent, yeah Omni Bridgeway are looking to crank up the class action against the BoD that I apparently fucking started, yeah Deeland are offering to hoover up millions of shares in Germany maybe in an attempt to get some Chinese fucker a seat on the board of AVZ, yeah, yeah fucking yeah....blah blah blah fucking blah

We just keep recycling the same fucking information we've known for fucking ages and it all continues to go absolutely fucking nowhere

There's no fucking progress, there's no resolutions, there's no fucking movement forward, there's no boxes being ticked advancing the overall position for shareholders

And what have management informed shareholders as to what has happened/is happening over about the last 9 or so months?????

Absolutely fucking NOTHING........ZIP, NADA, ZERO fucking ZILCH

Throw some bullshit roadshows into the mix to load up some frequent flyer points and sprinkle a little magic dust over the chosen ones while giving a few sly winks, a nod here and there and inferring CDL is full of Mica and not worth worrying about

Fuck me

Completely over this absolute fucking shitshow and its incredible parade of fucking incompetence

Nice summation Wino, apparently management have lived up to their disclosure obligations but no shareholder knows what the fuck is going on.
How does that work? Cunts. Get fucked.

 

[obe wan]

ok , yes theres a change in duration , its tighter now at 1 year and one year

2013 code it changed to 6 months and 3 years.

https://www.hg.org/legal-articles/mining-and-quarrying-in-the-democratic-republic-of-congo-rights-obligations-and-protection-of-investors-37000

Cominiere already had the licence for Manono; the decree was signed July 2011

Cominiere brought MMCS on board 1st sept 2013 ; JV was called Manomin ...... basically 2 years after they were awarded, so little time left to get things rolling , but MMCS signed up for it

September 19th 2016 ; 3 years later AVZ release an announcement to the market that it was acquiring a position in Manono extensions projects ; the original exploitation license would have lapsed at that stage considering it was originally issued to Dathcom in July 2011.

Did Cominiere reapply for it under exploration license I don't know; too many google translates to go through.

MMCS was to basically carry out feasibility studies, raise the capital to build the plant and get it built (see below) ..... but by July 2016, this license had run its full course of 5 years ...there has clearly been no construction carried out on site that would resemble a processing plant

The conditions in AVZ to Dathcom were basically the same as when MMCS got into the Manomin JV; albeit we were working from the bottom of the ladder as we had work through exploration stage towards mining license .... MMCS would appear to be at a bit of a lost cause; in any case that Mining licence had passed its 5 year stint .. where is the feasibility study, where was the raised capital accounted ? where was the tenders , where is the plant

would appear that AVZ have done more in its exploration stage than any of these guys in their entirety.

Best i reckon MMCS is potential going to get is some payment for being hamstrung due to Cominieres actions ; what Cominiere did to hamstring their own project and in turn lose their own exploitation license? I don't know; seems pretty odd though.

 

[TDITD]

ok , yes theres a change in duration , its tighter now at 1 year and one year

2013 code it changed to 6 months and 3 years.

https://www.hg.org/legal-articles/mining-and-quarrying-in-the-democratic-republic-of-congo-rights-obligations-and-protection-of-investors-37000

View attachment 26958

Cominiere already had the licence for Manono; the decree was signed July 2011

Cominiere brought MMCS on board 1st sept 2013 ; JV was called Manomin ...... basically 2 years after they were awarded, so little time left to get things rolling , but MMCS signed up for it

September 19th 2016 ; 3 years later AVZ release an announcement to the market that it was acquiring a position in Manono extensions projects ; the original exploitation license would have lapsed at that stage considering it was originally issued to Dathcom in July 2011.

Did Cominiere reapply for it under exploration license I don't know; too many google translates to go through.

MMCS was to basically carry out feasibility studies, raise the capital to build the plant and get it built (see below) ..... but by July 2016, this license had run its full course of 5 years ...there has clearly been no construction carried out on site that would resemble a processing plant

The conditions in AVZ to Dathcom were basically the same as when MMCS got into the Manomin JV; albeit we were working from the bottom of the ladder as we had work through exploration stage towards mining license .... MMCS would appear to be at a bit of a lost cause; in any case that Mining licence had passed its 5 year stint .. where is the feasibility study, where was the raised capital accounted ? where was the tenders , where is the plant

would appear that AVZ have done more in its exploration stage than any of these guys in their entirety.

Best i reckon MMCS is potential going to get is some payment for being hamstrung due to Cominieres actions ; what Cominiere did to hamstring their own project and in turn lose their own exploitation license? I don't know; seems pretty odd though.

View attachment 26968

View attachment 26965
View attachment 26966

So by the mining code MMCS are out, as they didn't satisfy the 'construction works' stipulation within the timeframe.
Curious how they have been buzzing around since they lost it, yet they did fuck all when they had it.